Home Information and Communication Technology Stretch Shrink Sleeve Labels Market
stretch shrink sleeve labels market

Stretch Sleeve & Shrink Sleeve Labels Market Share, Size, Trends, Industry Analysis Report, By Polymer Film (PVC, PETG, OPS, PE, and Others), By Application (Food, Wine & Spirit, Other Beverages, Beauty & Personal care, Healthcare, and Others), By Printing Technology, By Embellishing Type, By Region; Segment Forecast, 2022 - 2030

  • Published Date: Jan 2022
  • Pages: 110
  • Format: PDF
  • Report ID: PM2244
  • Base Year: 2021
  • Historical Data: 2018 - 2020

Report Summary

The global stretch sleeve & shrink sleeve labels market was valued at USD 14.60 billion in 2021 and is expected to grow at a CAGR of 5.8% during the forecast period. The key growth drivers for the global market are the increasing demand for polymer films, availability of additional printing space, anti-counterfeiting facilities, and 360O display.

Stretch and Shrink Sleeve Labels Market SizeKnow more about this reportrequest for sample pages

Furthermore, the global market has witnessed substantial growth, owing to the increasing urbanized population, rising demand for packaged foods, the renaissance of the labeling & packaging industry in emerging economies, and rising focus on the use of sustainable materials. In addition, the lightweight of such stretch & shrink sleeves, coupled with their reasonable cost, is projected to foster their market growth of stretch & shrink sleeve labels in the near future.

The COVID-19 pandemic has considerably influenced the industry worldwide, and it is quite complicated to determine the extent and harshness of the impact in the long term. Due to the COVID-19 pandemic, the packaging and labeling industry's supply chain has been sporadic, affecting demand and supply of the product. Globally, governments have judged food-related industries vital; hence the rise in demand for shrink and stretch sleeve labels is anticipated to remain stable during the forecast period.

Stretch Sleeve & Shrink Sleeve Labels Market 2030

Know more about this reportrequest for sample pages

Industry Dynamics

Growth Drivers
The fast-growing FMCG industry is also a key consumer of such stretch & shrink sleeve labels since it can transform beverage packing and labeling, thus amplifying the market growth outlook of stretch & shrink labels. Moreover, the rise in consumption of beverages, along with packaged food, has propelled the market growth of these labels.

According to the National Investment Promotion & Facilitation Agency, the processed food market in India is about USD 322 billion in 2016, which grew to almost USD 543 billion in 2020. On account of such huge growth in demand for packaged food, the use of stretch and shrink films has increased as it ensures safe packaging of the food products to enhance visibility and secure transit.

Moreover, the tamper-proof quality is also an important aspect of these labels as they are primarily used as seals printed with quotations such as “only for adults”. Such products are broadly used in FMCG verticals. This also prevents different kinds of malpractices like adulteration and reuse of containers that are supposed to be discarded. Hence, this factor is creating a productive demand for the product in the forthcoming scenario.

Report Segmentation

The market is primarily segmented on the basis of polymer film, application, printing technology, embellishing type, and region.

By Polymer Film

By Application

By Printing Technology

By Embellishing Type

By Region

  • PVC
  • PETG
  • OPS
  • PE
  • Others (PO, PLA, etc.)
  • Food
  • Wine & Spirit
  • Other Beverages
  • Beauty & Personal care
  • Healthcare
  • Others
  • Gravure
  • Flexography
  • Digital printing
  • Hot Foil
  • Cold Foil
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. Australia)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

Know more about this reportrequest for sample pages

Insight by Polymer film

The PVC segment is recorded with the largest revenue share in 2021 and is expected to lead the stretch sleeve & shrink sleeve labels market in the forecasting years. PVC polymers are the most lucrative films, and they can shrink up to almost 60% to 65%. PVC films have superior dimensional stability, and thus it conforms certainly to containers of several sizes. These labels are denser than water. Thus, these factors lead to aid the high segmental growth outlook around the world.

The PVC segment is projected to show the fastest growth rate in the forecasting years. The rise in presence of both, the large and small suppliers of PVC, along with the versatile properties of PVC is further offered convenience to the end-users, which may propel the segment growth in the near future.

Insight by Application

Other beverage segment is recorded with the largest share in 2021 and is expected to lead the stretch sleeve & shrink sleeve labels market in the forecasting years. It is increasingly used as secondary packaging for many modern-day beverage products, including carbonated soft drinks. They are commonly used in other beverages packaging as they easily conform to a variety of shapes. It is being broadly used in juices & flavored drinks, specialty drinks, flavored water & energy drinks, and dairy products. Thus, these factors lead to aid the high segmental growth outlook around the world.

The food segment is also projected to constitute a considerable share in the fastest market growth in the forecasting years. In recent times, the demand for processed food has increased substantially all over the world. This factor has promoted manufactures to widely use stretch and shrink films on account of their benefits, such as better suitability, durability, and cost-effectiveness. Therefore, the use of stretch and shrink films is increasing since it provides better quality and safety to food manufacturers, thereby accelerating the demand for stretch sleeves & shrink sleeve labels worldwide.

Geographic Overview

Geographically, Asia-Pacific is accounted for the highest shares in the global stretch sleeve & shrink sleeve labels market in 2021. It is mainly driven by China and India’s emerging economies. Driving forces in the region consist of urbanized populations with high disposable income, packaged food supply, low labor cast. Trade associations including the Federation of Indian Chambers of Commerce and Industry (FICCI), All India Foods Processors' Association, and the USISPF are also creating a conducive market environment in the region.

Moreover, the Asia Pacific is also expected to contribute the fastest CAGR in the stretch & shrink sleeve label market is anticipated to exhibit the highest CAGR over the forecasting years. The prime nations of the region are South Korea, India, Pakistan, North Korea, China, and Japan that primarily focus on quality and innovative and sustainable packaging solutions. Thus, the rise in innovative packaging options between the countries across the region.

Competitive Insight

Some of the major players operating in the global market include Amcor, Bemis Company, Berry Global Inc, Bonset America Corporation, CCL Industries Inc, D&L Packaging, Edwards Label, Inc., Fort Dearborn Company, Fuji Seal International, Huhtamaki Oyj, Klockner Pentaplast, Macfarlane Group plc, Polysack Flexible Packaging Ltd., The Dow Chemical Company, Westrock Company.

Stretch Sleeve & Shrink Sleeve Labels Market Report Scope

Report Attributes

Details

Market size value in 2021

USD 14.60 billion

Revenue forecast in 2030

USD 24.05 billion

CAGR

5.8% from 2022 - 2030

Base year

2021

Historical data

2017 - 2020

Forecast period

2022 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2022 to 2030

Segments covered

By Product Type, By Material Type, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Key Companies

Amcor, Bemis Company, Berry Global Inc, Bonset America Corporation, CCL Industries Inc, D&L Packaging, Edwards Label, Inc., Fort Dearborn Company, Fuji Seal International, Huhtamaki Oyj, Klockner Pentaplast, Macfarlane Group plc, Polysack Flexible Packaging Ltd., The Dow Chemical Company, Westrock Company.

Key Take-Away
Polaris Market Research
Stretch Sleeve & Shrink Sleeve Labels Market Size Global Report, 2022 - 2030